Thomson Reuters and NSDL e-Governance have joined hands to offer an integrated Goods and Service Tax (GST) proposition for large and mid-sized corporations in India.
Based on a Memorandum of Understanding (MoU) signed today, the solution will enable seamless calculation and filing of returns under the new tax regime.
Additionally, Thomson Reuters and NSDL e-Gov have also agreed to collaborate to leverage Thomson Reuters' ONESOURCE Determination solution to provide value-added services, including validation services for the Micro, Small and Medium Enterprise (MSME) segment.
The MoU was signed by Pradeep Lankapalli, Managing Director, South Asia, Thomson Reuters and Gagan Rai, Managing Director & CEO, NSDL e-Governance Infrastructure Ltd.
The integrated proposition for large and mid-sized corporations would address two key areas of concern for corporations under the GST regime, namely, efficient and accurate calculation of taxes across multiple platforms and the associated filings, returns and reconciliation mechanisms.